Jump to content

Boss tried ripping me off today


Guest Melanie

Recommended Posts

Now this could be a different story entirely. If you made less than $600, you can be paid without claiming anything on either side. If it's over that $600 level you either need to be W2 (employee) or 1099 (contractor). As a W2, the company is required to withhold your taxes for you and pay the employer portion of Medicare (which effectively raises your pay rate even though you don't see the money now). As a 1099, you're responsible to withhold your taxes AND pay the employer part of Medicare - to put it another way, you're self-employed. In the case of being 1099, you should speak to an accountant to make sure you're withholding enough taxes to cover yourself.

 

Now, as far as the reduction in pay is concerned, that was shady. If you were a W2 I could see it since their costs would increase in covering your Medicare, but they're attempting to 1099 you and that line about making more money this way is bullshit. While your checks will be bigger, you'll now owe MORE in taxes because you need to pay the employer part of Medicare and the burden of withholding falls on you. If anything, they should increase your pay if they're going to 1099 or they should just W2 and suck it up.

 

Apologies if I frightened you with my first post. Your post was worded in such a way that it sounded like they were converting you from W2 to 1099.

Link to comment
Share on other sites

Guest Melanie
Wasnt frightened just confused too. But yes, I think ive always been considered contract labor because nobodys ever mentioned to me anything about benefits, workmans comp etc. But when I was an intern last year I have no idea what i was considered but my mom told me I didnt have to pay taxes.
Link to comment
Share on other sites

Guest Melanie

Well I found out that since I only made 3000 last year I didn't have to file and as long as I stay away from this stupid company from now on I will be alright. Thanks a lot for everyone's input! You've all been a big help.

 

Still not sure if I'm going to turn them in or not though.

Link to comment
Share on other sites

Well I found out that since I only made 3000 last year I didn't have to file and as long as I stay away from this stupid company from now on I will be alright. Thanks a lot for everyone's input! You've all been a big help.

 

Still not sure if I'm going to turn them in or not though.

 

I still say tea party

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...